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Mountainview Apartments 221 Old West Warren Rd 32 Unit Apartment Building $4,465,000 ($139,531/Unit) 7.11% Cap Rate Warren, MA 01083
INVESTMENT HIGHLIGHTS
- Stable Income-Producing Asset
- Centrally Located | 35 Minutes to Springfield | 45 to Worcester
- Recent Capital Improvements | Renovated Units
- Ample Off-Street Parking | Laundry Facility
- Balanced Unit-Mix
- Tenant Paid Utilities
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present Mountainview Apartments, a well-maintained 32-unit multifamily community located in the scenic town of Warren, Massachusetts.
The property is comprised of 16 studios, 8 one-bedroom, and 8 two-bedroom apartments, offering a balanced unit mix that appeals to a wide range of renters. Each unit is heated through tenant-paid electric baseboard systems, while landlord-paid hot water is supplied by a central electric system.
Residents benefit from ample off-street parking, an on-site laundry facility, and a dedicated management office, enhancing convenience and tenant satisfaction. The property has been consistently maintained and has had recent capital improvements.
Mountainview Apartments represents a compelling opportunity to acquire a stable, income-producing asset in a desirable Central Massachusetts community with continued rental demand and strong operational fundamentals.
The property is comprised of 16 studios, 8 one-bedroom, and 8 two-bedroom apartments, offering a balanced unit mix that appeals to a wide range of renters. Each unit is heated through tenant-paid electric baseboard systems, while landlord-paid hot water is supplied by a central electric system.
Residents benefit from ample off-street parking, an on-site laundry facility, and a dedicated management office, enhancing convenience and tenant satisfaction. The property has been consistently maintained and has had recent capital improvements.
Mountainview Apartments represents a compelling opportunity to acquire a stable, income-producing asset in a desirable Central Massachusetts community with continued rental demand and strong operational fundamentals.
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PROPERTY FACTS
| Price | $4,465,000 | Apartment Style | Low-Rise |
| Price Per Unit | $139,531 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.83 AC |
| Cap Rate | 7.11% | Building Size | 20,280 SF |
| No. Units | 32 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 2.56/1,000 SF |
| Zoning | RUR | ||
| Price | $4,465,000 |
| Price Per Unit | $139,531 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.83 AC |
| Building Size | 20,280 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | RUR |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | WARR-000006-000000-000026 | Improvements Assessment | $2,514,100 |
| Land Assessment | $118,600 | Total Assessment | $2,632,700 |
PROPERTY TAXES
Parcel Number
WARR-000006-000000-000026
Land Assessment
$118,600
Improvements Assessment
$2,514,100
Total Assessment
$2,632,700
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Mountainview Apartments | 221 Old West Warren Rd
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